Regulations, unions, different jurisdictions blocking a project do happen in many other developed countries, but US price tags seem to be higher. Why does a NYC subway revamp cost so much more than doing the same thing in another global mega city like London?
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From a very basic point, given my limited knowledge in that specific industry, the main cause is the standard microeconomics ideal of Supply and Demand. In the US, specifically, many industries run based on this practice causing some prices or costs to skyrocket. In some industries, both in the US and abroad, there are regulations on the financial aspects of the labor/parts/import/etc. that may create a “standard” for the cost of a project. Again, I don’t know about the specific industry you’re quoting for either the US or Great Britain, so I’m not sure this is the cause for your scenario.
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